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Bitcoin surges as rate cuts are expected!

A new high in January lights up the crypto market!

Under the catalysis of the Fed's rate cut expectations, Bitcoin staged a remarkable rise on Tuesday, soaring 6.4% to a high of $61,337, setting a new intraday record since August 8.

Not only is Bitcoin leading the way, but the little brothers in the crypto world such as Ethereum, Dogecoin and Solana are also following suit, and the market atmosphere is hot.

Data from the swap market revealed that the Fed's rate cut of at least 25 basis points on Wednesday has become a market consensus, while bolder predictions believe that the probability of a 50 basis point cut is as high as 55%.

This prospect has undoubtedly injected strong momentum into speculative assets, especially cryptocurrencies.

Shiliang Tang, president of Arbelos Markets, analyzed: "The recent increasingly close connection between cryptocurrencies and traditional markets is becoming a key factor driving Bitcoin higher." In addition, Tang also pointed out that MicroStrategy Inc.'s big move on Monday - issuing convertible notes to further increase its holdings of Bitcoin, also brought a shot in the arm to the entire cryptocurrency market. Therefore, it can be considered that under the dual impetus of interest rate cut expectations and positive market sentiment, the Bitcoin and cryptocurrency markets are expected to usher in a broader development space. Follow me and share the latest high-quality market information for you every day, so that you can make a fortune without getting lost. #美国大选如何影响加密产业？ #加密市场反弹 #美联储何时降息？ #热门话题 #BTC☀